April 21, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro Week Ahead Forecast: 1.1240-1.2050 12-Month Ranges
Foreign exchange strategists at Danske still expect the Pound to Euro (GBP/EUR) exchange rate will slide to 1.1240 in the next twelve months.
In contrast, BNP Paribas expects GBP/EUR will strengthen to 1.2050 at the end of 2024.
GBP/EUR retreated to 1-week lows just below 1.1670 during the week before settling just above this level.
Danske expects that the Bank of England will adopt a dovish stance. According to the bank;…
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